Baillie Gifford & Co. Sells 290,933 Shares of YETI Holdings, Inc. (NYSE:YETI)

Baillie Gifford & Co. cut its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,547,618 shares of the company's stock after selling 290,933 shares during the quarter. Baillie Gifford & Co. owned approximately 10.10% of YETI worth $350,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of YETI in the 3rd quarter worth about $26,000. Crewe Advisors LLC bought a new position in YETI in the 1st quarter worth about $27,000. Versant Capital Management Inc boosted its stake in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company's stock worth $32,000 after purchasing an additional 709 shares in the last quarter. Blue Trust Inc. boosted its stake in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company's stock worth $33,000 after purchasing an additional 630 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in YETI in the 2nd quarter worth about $42,000.

YETI Stock Performance

YETI stock traded down $0.06 during midday trading on Tuesday, hitting $41.23. The stock had a trading volume of 726,702 shares, compared to its average volume of 1,619,110. The firm's fifty day moving average is $38.75 and its two-hundred day moving average is $39.20. The company has a market capitalization of $3.49 billion, a PE ratio of 17.73, a P/E/G ratio of 1.12 and a beta of 2.12. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15. The company has a current ratio of 2.58, a quick ratio of 1.22 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

A number of equities analysts recently issued reports on YETI shares. B. Riley upped their price target on shares of YETI from $38.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. Jefferies Financial Group upped their target price on shares of YETI from $54.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Canaccord Genuity Group restated a "hold" rating and set a $44.00 target price on shares of YETI in a research note on Monday, September 30th. Bank of America cut shares of YETI from a "buy" rating to a "neutral" rating and lowered their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, Roth Mkm upped their target price on shares of YETI from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.46.

About YETI

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.